Chief Security Officer at cryptocurrency exchange Kraken, Nicholas J. Percoco alerted users today about a scam that was targeting crypto users, which involved a homograph phishing attack and “multiple” people who were pretending to be Kraken employees. Percoco further alleged that people named Liz Cohen, Darin Zumberi or Jing Kang were posing as Kraken employees and...Read More
The bullish rally at the end of July was pretty significant for Ethereum. The valuation jumped above $250, $300, $350, and eventually surpassed $400 after more than 2-years. Ethereum’s rally was so dominant that options trader expected Ethereum to impute more volatility than Bitcoin itself. ETH-BTC 3 months realized vol spread on 27th July was...Read More
Bitcoin, despite its recent sideways movement on the charts, has a very positive outlook attached to it. Hodlers of the cryptocurrency have long been optimistic about BTC’s long-term price trend. However, with the MicroStrategy, Square Inc., and Stone Ridge’s news breaking out over the past few weeks, it would seem that institutions, en-masse, are buying into...Read More
Cryptocurrency trading platform Bitfinex announced today that it has made staking rewards available for Polkadot (DOT), the native token of Polkadot blockchain, which would allow DOT token holders on the Bitfinex platform to earn rewards of up to 14 percent per year, according to a release shared with AMBCrypto. The staked DOT tokens will be...Read More
Bitcoin’s value has been appreciating over the past week and it currently stands at $11, 377. The value of the digital asset peaked a couple of days back at $11,731, but could not hold on to this level and slipped lower. However, BTC staying above the $11k mark has been a sign of relief for...Read More
Ripple’s third annual Blockchain in Payments report had some interesting revelations regarding digital asset adoption globally. Despite the ongoing global pandemic, 79% of businesses reported growth in 2020, with 44% stating that innovation in payment technology is a key growth driver. According to the report, there were four key benefits driving blockchain adoption, namely, improved...Read More
Leading crypto-exchange OKex has suspended all digital assets and cryptocurrency withdrawals indefinitely until further notice. The issue in question is that one of the exchange’s private key holders is “currently cooperating with a public security bureau in investigations where required.” According to reports, OKex has been out of touch with the concerned private key holder...Read More
Hackers have compromised “almost 2,000” Robinhood Markets Inc trading accounts in the recent cyberattacks spree that have stolen funds from crypto users, according to anonymous sources who provided the estimated figures. While Robinhood has not yet made the news public, it did however send a push notification to its users this week that encouraged them...Read More
Bitcoin has endured long periods of consolidation and bursts of strong volatility over the course of 2020. One of its more notable achievements saw BTC break yet another key barrier – the $11K resistance. However, as was the case the last few times, the most recent example of the cryptocurrency breaking the $11K-mark saw BTC...Read More
When we talk about the accumulation of crypto-assets, only one corporation comes to mind this year – Grayscale Trust. In 2020 alone, Grayscale has accumulated more than 300,000 BTC, while also introducing a new digital asset trust associated with Litecoin. In fact, according to reports, the firm has registered over $1 billion in inflows in...Read More
New Zealand police have arrested a 40-year-old resident for money laundering charges today, which include thousands of dollars worth of cryptocurrency. The unnamed resident from Auckland was granted interim name suppression by Community Magistrate Dianne Hale. He faces 30 charges, some of which allege that he laundered funds by purchasing luxury cars and property as...Read More
Libra Association, the independent member organization, which is overseeing Facebook’s Libra project, has appointed former HSBC executive Ian Jenkins as the Chief Financial Officer and Chief Risk Officer of Libra Networks, the Association’s subsidiary. Back in September, the San Francisco-based venture firm, Blockchain Capital joined Libra Association to advise on the Association’s creation of its...Read More
For Ethereum, the world’s second-largest cryptocurrency, 2020 has been fairly promising. While its transition to Proof of Stake continues to be plagued by delays, the altcoin has performed rather well on the price charts. At press time, Ethereum was being traded at $376, with ETH’s price seemingly aided by strong hodling sentiment within the Ethereum...Read More
With a press time price of just over $11,300, Bitcoin was attempting to head towards its next high on the charts. In fact, at the time, BTC’s price was nearly 8% higher, when compared to the same a week ago, with 88% HODLers sitting on unrealized profits. With the price climbing, HODLers are spending their...Read More
Polkadot announced that a new trustless wrapped Bitcoin – PolkaBTC- will be released on its blockchain in early 2021. This will be Polkadot’s first trustless wrapped Bitcoin which the platform deemed as a critical step toward an interoperable ecosystem. The tokenized bitcoin, which will enable users to mint 1:1 bitcoin-backed assets onto Polkadot, is being...Read More
As per the Special Reporting Act, income tax laws will be applicable to cryptocurrency ownership in South Korea, as of October 2021. However, the provisions of the Act have come under a lot of fire recently. The latest to fire a salvo is the Korean Blockchain Association (KBA) after it voiced its vocal opposition to...Read More
Hollywood has been known to be illiquid, a fact that first resonated with film producer and businessman Christopher Woodrow who launched the MovieCoin token. Following this, the trend, it seems, has only grown. The Liechtenstein Cryptoassets Exchange, or LCX, announced today that the platform would provide issuance of a new movie token dubbed RVW, which...Read More
Active Supply of Ethereum hit a 7 month low of 25,311,416.050 ETH on October 8, 2020. Though there have been several updates on ETH 2.0 and its testnet, active supply started climbing steadily only after July 2020, after maintaining nearly the same level for over two years. ETH Active Supply || Source: Twitter When Bitcoin’s...Read More
Calling it “unfortunate” that U.S regulators did not have a clear approach to cryptocurrencies, Garlinghouse re-emphasized that the lack of a single national regulatory framework was putting US companies, such as Ripple itself, at a disadvantage and that the company yearned for a “level playing field.” Over the last two weeks, CEO of Ripple, Brad...Read More
The financial regulating body, New York State Department of Financial Services (NYDFS) said that the “double your money with bitcoin” scam as a result of the infamous Twitter hack on July 15 led to “weaponization” of major social media companies. The policymakers have called for strong cybersecurity to curb such events. NYDFS claimed that in...Read More
Breaking out of its consolidation period, Bitcoin‘s value increased to $11,731 on 12 October, before dropping to $11,385, at the time of writing. This drop could be the minor corrections taking place in the market, but this was the longest time frame BTC’s value maintained its position above the $11k resistance in a while. The...Read More
The pandemic was considered to be the tipping point for Bitcoin, however, after hitting a high of $12k in August, Bitcoin’s price has kept retail traders on their toes. Based on the market cycle of Bitcoin, we are in an accumulation phase and the price may drive higher in the next few weeks, however, the...Read More
Cryptocurrency asset manager Grayscale Investments published its third-quarter investment report, according to which the firm has raised $1.05 billion into its investment products, marking this their largest capital inflow in a single quarter ever. Dropping our latest Digital Asset Investment Report this morning…@Grayscale raised over $1 billion into our family of products in 3Q20!! a...Read More
Bank of Russia has suggested a possibility of issuing its own central bank digital currency, the digital ruble, in a new report published by the central bank today. The digital ruble will be an electronic version of the Russian national currency and will complement cash. The bank said that users will be able to use digital...Read More
Bitcoin’s NVT [Network Value to Transaction ratio] metric is used to determine whether an asset is bullish or bearish. However, using it in tandem with other indicators/metrics works the best. What does it signify? Put it simply, the metric shows if the network is being used a lot or not. If the NVT is high,...Read More
Leaders from G7 intergovernmental economic organization cautioned against global surge in ransomware attacks that involved crypto payments as ransom money. These ransomware attackers often demanded payments “primarily” in cryptocurrency which according to the G7 facilitated money laundering. G7 believed that attacks had intensified over the last two years and the ongoing pandemic could make the...Read More
Bitcoin has been noting six-strong consecutive days of growth as the price surged by 11.23%, from $10,547 to $11,731. A contributing factor for the sudden increase in the value of the asset was Square’s announcement of it buying approximately 4,709 Bitcoin at an aggregate price of $50 million. Square Inc put 1% of its total...Read More
Bitcoin’s price might hit $15,000 in the next few weeks, as per price data gathered over the last week. This surge might push bitcoin past the pesky $12,000 and hit highs last seen in 2018. The bitcoin surge seen over the last week is being underestimated by most of crypto Twitter [CT]. However, most of...Read More
After European Central Bank announced that the central bank wanted to “hear the views of the public and interested stakeholders,” with regard to the Digital Euro, ECB launched a “public consultation” survey on its central bank digital currency. As mentioned earlier, the bank hoped that this “consultation” would help them understand whether European people at...Read More
Two weeks ago, the biggest and arugbly the most important cryptocurrency exchange in the world was accused of money laundering by the CFTC. The incident went so far that the company’s CTO Samuel Reed was arrested. Besides the bad PR for Bitcoin, this saga was sure to hurt the cryptocurrency’s price, yet here we stand...Read More
